going from here and what's going to get us there? >> well, i think, you know, continually, you have to fight the fed and the bank of japan, actually. that's $2 trillion per year, that they're pumping into the market. obviously, david tepper concurs. we think that if they do taper, that will be a positive sign. we think the exit to all this qe may last, at least, ten years, before they normalize policy and also the yield curve. so as long as the yield curve t-bills are at 0.1%, 30s or teetering around 3% and the tens are teetering around 1, 0.8%, we think there's no alternative to put your cash, as well as the fact that emerging markets, you know, let's talk about japan. japan has been in depression for 20 years. it's the third largest economy in the world. you know, couple japan with the united states, pumping in $2 trillion a year, with some of the best managements on the globe, and you want to be short this market?